Tag: corporate power
Kissing Trump's Butt Paid Off Big For Corporate Donors

Kissing Trump's Butt Paid Off Big For Corporate Donors

Recent filings with the Federal Election Commission have revealed the scale of record-breaking corporate donations to the Donald Trump-JD Vance Inaugural Committee. Trump smashed his previous inaugural donation record of $107 million for his first presidency, raising more than twice as much, with 650 donors—140 of whom gave no less than $1 million. This includes the tech billionaires who ponied up and got VIP seats at the dreary event.

Trump’s top donor, Elon Musk, has benefited from his co-presidency, growing even wealthier while not worrying about conflicts of interest when it comes to protecting his companies and government contracts. Then there are individual billionaires, like crypto mogul Justin Sun, who has had his criminally fraudulent activities wiped away with help from large donations to Trump. But there are a whole lot of others filling up the swamp and wetting their beaks.

The crypto industry donated a total of $18 million to Trump’s inaugural committee, and has been one of the biggest winners so far. Trump courted cryptocurrency firms during his campaign, promising to make the United States the “crypto capital of the planet.”

Cryptocurrency exchange Coinbase, which dropped a cool $1 million on Trump, watched the Securities and Exchange Commission drop its lawsuit against them after Trump came into office. And Trump Deputy Attorney General Todd Blanche recently announced that the Justice Department’s unit that investigated cryptocurrency fraud-related crimes would be disbanded.

Companies with a large investment in the electronics market such as Apple, whose CEO Tim Cook gave $1 million to Trump, have received a respite from potentially crushing China tariffs on popular products like the iPhone, though Commerce Secretary Howard Lutnick said there’s a good chance that will change.

Intuit, maker of TurboTax, got more than their $1 million donation’s worth. Reports have indicated that the Trump administration plans on ending the IRS’s Direct File program. The move benefits tax-filing companies by eliminating the free filing option for Americans.

Pilgrim Pride, a poultry company owned by Brazilian meat conglomerate JBS, reportedly made the largest donation to Trump’s inaugural committee, $5 million. What did they get in return so far? Trump recently paused enforcement of the Foreign Corrupt Practices Act, a law that has allowed the U.S. to investigate and prosecute foreign corruption tied to America’s trade interests since 1977. JBS knows this law intimately, having already paid out more than a quarter of a billion dollars in criminal bribery charges under the FCPA.

And there is no end in sight for billionaires who want to make payments to Trump in some form or another. Major companies like Meta, Amazon, Tesla, and X, which all face ongoing government lawsuits, are settling cases, many of which are considered by critics to be baseless, with Trump himself.

Both Mark Zuckerberg’s Meta and Elon Musk’s X went so far as to settle long-standing, questionable lawsuits from Trump, with Meta sending $22 million to his presidential library and X sending another $10 million in settlement money.

At the same time Musk, whether or not he decides to step out of the political spotlight to try and repair the terrible branding effect he’s had on Tesla, is still reportedly ready to hand over $100 million to Trump-controlled super PACs.

With hundreds of billions of dollars in government contracts on the line, and many companies coincidentally linked to investors with names like Musk, Vice President JD Vance, and venture capitalist Peter Thiel, you don’t need to be Sherlock Holmes to connect the swampy dots in Trump’s White House.

Reprinted with permission from Daily Kos.

Amid MAGA Uproar Over Work Visas,Trump Denies Flip-Flop

Amid MAGA Uproar Over Work Visas,Trump Denies Flip-Flop

Pressed by reporters ahead of New Year's Eve celebrations on why he apparently reversed his position on the H1-B visa program, President-elect Donald Trump denied doing any such thing.

"I didn’t change my mind," said Trump. "I always felt we have to have the most competent people in our country. We need competent people. We need smart people coming into our country. We need a lot of people coming in."

While Trump made some overtures in favor of high-skilled worker visas near the end of his presidency, he ran on sharp curtailment of the program in 2016, noted former GOP strategist turned anti-Trump influencer Ron Filipkowski.

"The H1-B program is neither high-skilled nor immigration: these are temporary workers foreign workers, imported from abroad, for the explicit purpose of substituting for American workers at lower pay," said Trump in a statement issued during the 2016 election cycle. "I remain totally committed to eliminating rampant, widespread H1-B abuse and ending outrageous practices such as those that occurred at Disney in Florida when Americans were forced to train their foreign replacements. I will end forever the use of the H-1B as a cheap labor program, and institute an absolute requirement to hire American workers first for every visa and immigration program. No exceptions."

In recent days, tensions have flared in the MAGA community as hard-right activists have turned on tech billionaire Elon Musk for his passionate defense of the H1-B visa program.

Trump, for his part, has publicly taken Musk's side on the issue.

Watch the video below or at the link here.

Reprinted with permission from Alternet.

Oligarch Trump Crams His Cabinet Full Of Self-Serving Billionaires

Oligarch Trump Crams His Cabinet Full Of Self-Serving Billionaires

Donald Trump, supposed champion of the working class, is stocking his Cabinet with billionaires.

That’s a contrast with his first go-round, when he proposed only one billionaire Cabinet pick: Betsy DeVos, as secretary of education, who funneled public funds into private schools.

At the same time, Trump’s billionaire favoritism isn’t much of a surprise, since his campaign was largely funded by the billionaire class. Billionaires, on the whole, quickly forgave Trump after his attempt to overthrow the 2020 election. After all, he promised to further lower their meager tax burden while reminding them of the $1 trillion increase in their wealth during his mishandling of the COVID-19 pandemic.

Here’s a breakdown of the monied people who will likely soon be in charge of our government.

Linda McMahon: Secretary of Education

A former professional wrestling magnate and billionaire, McMahon is Trump’s pick to run the Department of Education—something she has even less of a background in than DeVos did. However, considering that Trump and other Republicans have called for the dismantling of the department, putting the former WWE CEO in charge does follow a perverse kind of logic.

McMahon served in the first Trump administration’s Cabinet as small business administrator before joining the pro-Trump super PAC America First Action.

Howard Lutnick: Commerce Secretary

A cryptocurrency enthusiast and investment banking billionaire, Lutnick is also a backer of Trump’s potentially disastrous tariff plans. He will oversee a department that includes the Census Bureau, the National Oceanic and Atmospheric Administration, and the Patent and Trademark Office, among others. All of those agencies have been earmarked for destruction, slashing, or privatization by the authors of Project 2025, the Heritage Foundation’s plan for a second Trump administration.

Lutnick, a transition co-chair for Trump, claimed he would not “take a list from [Project 2025],” and Trump spent weeks pretending he had never heard of the wildly unpopular and fascistic plan during his campaign. But now, after the election, things have changed.

Scott Bessent: Treasury Secretary

A billionaire hedge fund manager who openly pushes for austerity measures to reduce the deficit, Bessent was tapped to lead the Treasury Department. That’s likely because he supports Trump’s ill-advised tariff plans, even if those plans are incongruous with his supposed goal of reducing the deficit.

Steven Witkoff: Middle East Envoy

Witkoff made his billions as a New York real estate developer and has ties to oil interests in the region he will likely become a liaison to. Can you say “conflict of interest”?

Jared Isaacman: NASA administrator

Isaacman, a billionaire via a payment process firm he founded, is an advocate for privatizing space programs. He’s never worked for the government, much less NASA, which Trump tapped him to head up. But hey, he did pay an undisclosed amount of money to Elon Musk’s SpaceX to go to space twice, so that makes him an expert, right?

Warren Stephens: Ambassador to United Kingdom

Trump tapped Stephens, an investment banker and Republican megadonor (what a coincidence!), to be the next ambassador to the U.K. According to The Guardian, “Stephens held a 40% stake in a payday loan company, Integrity Advance, that the Consumer Finance Protection Bureau (CFPB) took action against in 2015 for allegedly employing predatory lending practices.” Sweet!

Charles Kushner: Ambassador to France

Charles Kushner (family net worth of over $7 billion) is the father of Trump’s son-in-law Jared Kushner. Trump pardoned the elder Kushner, a tax fraud felon, and now gives the slumlord an ambassadorship—nothing corrupt to see here!

Elon Musk: Co-Chair of Department of Government Efficiency

What is there to say about the world’s richest mid-life crisis? Musk poured billions into buying Twitter, turned it into X, and made it a right-wing propaganda cesspool in service of Trump’s campaign. His wealth shielded him from meaningful consequences related to his unethical (and possibly illegal) voter-registration lotteries.

Along with tech bro Vivek Ramaswamy, Musk will head the “Department of Government Efficiency,” which will not officially be part of the government but is instead a planned advisory commission. (In other words, this is not a Cabinet position.)

Vivek Ramaswamy: Co-Chair of Department of Government Efficiency

Ramaswamy made his money by tricking big investors into believing in his burgeoning drug company Roivant Sciences and its miracle Alzheimer’s drug, intepirdine, which he bought at a bargain price from another company after the drug failed four trials. He then sold people on believing the risky reward would be worth it—but it wasn’t. Ramaswamy was able to secure big buyouts, becoming uber-rich while failing, and was free to pretend he was a special kind of businessman.

Ramaswamy does have one special talent that Trump cherishes: He’s a salesman.

Many of Trump’s rich-as-hell picks have embraced austerity policies that have already failed western democracies. Their disdain for government projects to help the non-rich is likely to lead to more boom for billionaires and more bust for the American people.

Reprinted with permission from Daily Kos.

Don't Buy Coca-Cola's Plastic Trash Promise

Don't Buy Coca-Cola's Plastic Trash Promise

Former New Mexico Gov. Bruce King was renowned for his frequent malapropisms and contorted logic.

For example, he once refused to back a bill pushed by loan-shark lobbyists — but he pledged that it if the legislature passed the thing, he would sign it. Well, the bill did pass ... but Bruce vetoed it! The lobbyists swarmed him, crying that he had given his promise. Yes, the governor conceded, but "we all know that a promise is not a commitment."

Apparently, Coca-Cola executives have been studying Gov. King's verbal backflip, for the multibillion-dollar corporate behemoth suddenly announced this month that it was adopting his "a-promise-is-not-a-commitment" ploy. The beverage barons are using King's dictum to squirm out of the widely ballyhooed promise they made just a few years ago to curtail the corporation's contamination of our planet with plastic waste.

Coke has been the world's No. 1 plastic polluter six years in a row, so its previous pledge to cut its plastic trash in half by 2030 would've had a major impact. But, oops, the honchos now say that was never a commitment — just a "voluntary environmental goal." That goal, they explain, has "evolved," so now they're focused on imposing "efficient resource allocation to deliver lasting positive impact."

You don't need a BS detector to translate that corporate gobbledygook. Coke's "resource allocation" will defund its environmental efforts to further enrich its wealthiest shareholders, delivering a "lasting positive impact" for those few. And for the many who will continue absorbing the deadly petropolymers that Coca-Cola carelessly discharges into our air, water, soil, food and bodies — well, tough luck.

Don't be fooled by voluntary anti-pollution requirements. I promise you, they are hoaxes.

Let's all sing the holiday classic: "All I want for Christmas ... Is Something Not Made of Plastic."

Easier sung than done. Plastic is now ubiquitous in toys, electronics, tools, air, water ... and us. And don't forget the plastic Baby Jesus in Christmas tableaus.

What is plastic, anyway? It's a toxic synthetic material mostly manufactured from petroleum by such giants as ExxonMobil, the globe's top purveyor. So much is produced by these profiteers that plastic trash is now a planetary disaster.

But not to worry, for Big Oil's lobbyists assure us gabillions of plastic bags, bottles and such are being recycled, keeping them out of our landfills, water, bodies, etc. Swell! Except ... they're lying.

After all, Exxon is the same for-profit contaminator that lied for years that fossil fuels were not causing climate change, even though top executives knew they were. Their ethic of deceit continues today — Big Oil knows that 94% of U.S. plastics are not recycled. Indeed, they can't be.

Faced with growing public alarm about the ever-growing glut of plastic pollution, the industry has doubled down on deceit by offering a snappy new PR slogan: "Advanced Recycling." They say it's a magical process dubbed "pyrolysis." Only ... it doesn't work, it's inordinately expensive, and it increases climate change emissions. Still, Exxon exclaims its AR will soon be processing half a million tons of plastic waste! But that's not even a drop in the plastic bucket, for more than 400 million tons of plastic waste is discarded each year — and the oil industry is planning to double plastic production by 2040.

The only real way to stop runaway plastic pollution of us and our planet is to use less plastic. To learn more and help, go to Beyond Plastics: BeyondPlastics.org.

Populist author, public speaker and radio commentator Jim Hightower writes The Hightower Lowdown, a monthly newsletter chronicling the ongoing fights by America’s ordinary people against rule by plutocratic elites. Sign up at HightowerLowdown.org.

Reprinted with permission from Creators.

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